Triumph (US:TGI) zacks.com·2024-05-24 14:31Core Insights - Triumph Group, Inc. (TGI) reported adjusted earnings of 31 cents per share for Q4 fiscal 2024, exceeding the Zacks Consensus Estimate of 12 cents by 158.3%, although this represents a 3.1% decline from 32 cents in the prior-year quarter [1] - For the full fiscal year 2024, TGI reported an adjusted loss of 6 cents per share compared to earnings of 51 cents in the previous year [2] Financial Performance - TGI's net sales for Q4 fiscal 2024 were $358.6 million, surpassing the Zacks Consensus Estimate of $337 million by 6.4% and reflecting a 10.2% increase from $325.5 million in the same quarter last year [3] - Total revenues for fiscal 2024 reached $1.19 billion, a 5.4% increase from $1.13 billion in fiscal 2023 [4] Operational Highlights - Adjusted operating income for Q4 fiscal 2024 was $55.8 million, up 19.4% from the previous year [5] - Interest expenses decreased to $28.7 million, down 10.3% from the prior-year quarter [5] - TGI's backlog stood at $1.9 billion, a 22% increase from the prior fiscal year-end, primarily driven by commercial OEM platforms [5] Segment Performance - The Interiors segment reported sales of $48.5 million, a 21.6% increase from $39.9 million in the year-ago quarter [6] - The Systems & Support segment's sales improved by 8.6% year over year to $310.1 million [6] Financial Position - As of March 31, 2024, TGI's cash and cash equivalents totaled $392.5 million, up from $227.4 million a year earlier [7] - Long-term debt (excluding the current portion) decreased to $1.07 billion from $1.69 billion as of March 31, 2023 [7] - Net cash provided from operating activities was $9.4 million, compared to a net cash outflow of $52.3 million in the prior year [7] Capital Expenditures - Capital expenditures for TGI were $21.8 million as of March 31, 2024, compared to $20.7 million in the previous year [8] Guidance - TGI has provided financial guidance for fiscal 2025, expecting net sales of nearly $1.2 billion, with the Zacks Consensus Estimate for revenues at $1.26 billion [9] - The company anticipates earnings per share of 42 cents for fiscal 2025 and expects cash flow from operations in the range of $30-$50 million [10]